With 2014 coming to an end faster than anyone could ever imagine, the time to start thinking and planning for 2015 has fast approached us. With the start of a new year comes a number of technology changes to consider. With the following new BI Trends, Business Intelligence (BI) should not be on the long list of things for any organization. While some of these trends are already being implemented, with the potential to expand over the next year, there are a number of proposed changes that could fundamentally shift business processes. Below we will uncover what to expect when looking into BI trends for the year of 2015. Continue reading this post>>
Traditionally, one of the first steps to designing a dashboarding or reporting solution is to determine what screen size to use as a basis for layout. Typically, the solution’s layout will be designed to look good on a “standard” laptop. The smaller screen resolution looks a bit small on large monitors, but at least the whole application fits on the page. But that can’t be the ultimate goal, right? The advance of responsive design allows for mobile devices to view the same content, but allows for the application to be scaled up to larger monitors as well. When creating responsive applications, it is important to keep in mind what device is being used to access the solution. This should determine how much and what kind of data to provide the end user.
Even though BI has been around for decades, misconceptions still persist. These myths harm BI’s reputation and can make it difficult to achieve buy-in from stakeholders. Let’s review a few of the common misconceptions I’ve come across in my work as a BI consultant.
1) Dashboards = Business Intelligence
Certainly dashboards with at-a-glance views of KPIs are the most common form of business intelligence, but they’re not the only mechanism for consuming BI content. Many companies use dashboards for quick reviews of very important metrics, but just as many are running monthly or even daily reports with their BI software. Many of our customers use arcplan to send daily financial reports to entire departments every morning. Other BI models include self-service ad-hoc reporting, which goes beyond traditional static reporting, and data discovery, where analysts interactively explore data from multiple sources in a BI interface. Then there are many BI platforms that enable users to use BI like social media – collaborate with peers, leave comments, annotate graphs and more. The truth is, business intelligence solutions nowadays are flexible enough to accommodate however your users want to work. Don’t limit yourself to thinking dashboards are BI. They can help you monitor your business performance easily and should be a part of your BI mix, but think about what other forms of BI can contribute to the success of your initiative.
2) The most popular BI tool must be the right one for my organization
When it comes to BI, one size doesn’t fit all. The hype surrounding popular solutions doesn’t necessarily translate to value for your organization. You should evaluate whether the solutions on your shortlist are compatible with your data architecture, whether they’ll address users’ specific requirements, and whether they’re scalable for future development. You might set yourself up for failure if you only shortlist “hot” vendors. Need a starting point? Try analyst evaluations like BARC’s BI Survey. Its analysis can help you build a list of vendors to evaluate based on product capabilities and user feedback.
3) BI ROI is questionable
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For a lot of people, business intelligence = dashboards. Since they’re so relied upon to present at-a-glance views of KPIs and to guide decision-making for business leaders, it’s critical that dashboards are well-formatted, easy to read and simple to navigate. Let’s explore the dashboard design trends that resonate with today’s executives.
1) Flat UI will continue to grow
In 2014 clean beats clutter. Users are drawn to crisp, clean interfaces, often with tile-based layouts. Windows 8 was influential in creating this flat design and Apple followed suit with iOS 7. Business leaders can quickly access and interpret data when information is presented in an uncluttered interface.
2) Mobile First
Dashboards are the most tangible deliverable from business intelligence providers. Not everyone can fathom what “guided analytics” are, or how collaboration capabilities can help their business, but dashboards make sense to people. They’re still a hot trend, even in 2014, and getting hotter as mobile BI – which usually takes the form of mobile dashboards – becomes more prevalent. Companies of every size want dashboards and decision makers at every level need them to stay on top of their key metrics. But what are the business trends that will influence dashboard purchases in 2014? Let’s look at the top 5:
1) Business users will drive dashboard deployments
Line of business users will play a more dominant role in evaluating and selecting dashboard software while IT departments will play a diminishing role in 2014. Traditionally, IT-chosen platforms are highly governed and provide trickles of information that seldom keep up with the demands of the business. By contrast, business-led dashboard projects have different requirements including self-service capabilities, direct access to data and short implementation timelines.
2) Full-service self-service…